---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-186450"
form_type: "8-K"
ticker: "ADBE"
cik: "0000796343"
company_name: "ADOBE INC."
filed_at: "2022-07-01T23:59:59+00:00"
generated_at: "2026-06-24T21:49:37.460952+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Adobe enters new $1.5B revolver; terminates prior $2.0B facility

## Summary
- New five-year $1.5B revolving credit facility (matures June 30, 2027); can be increased by $500M to $2.0B.
- Prior $2.0B facility (expiring Oct 2023) terminated with no outstanding borrowings and no termination penalties.
- Interest rates based on Term SOFR or Base Rate plus margin tied to Adobe's debt rating; facility fee payable on total commitments.
- Proceeds for general corporate purposes; customary covenants including limitations on liens and indebtedness.

## SEC filing metadata
- accession: 0001193125-22-186450
- form_type: 8-K
- ticker: ADBE
- cik: 0000796343
- company_name: ADOBE INC.
- filed_at: 2022-07-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/796343/000119312522186450/0001193125-22-186450-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/796343/000119312522186450/d368091d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-186450
- JSON: https://secwatch.observer/filing/0001193125-22-186450.json
- Plain text: https://secwatch.observer/filing/0001193125-22-186450.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.